THE ISLANDS ARE CALLING
We don’t normally report on healthcare real estate developments taking place in foreign countries. However, a partnership of a hospital company from India and St. Louis-based Ascension Health Alliance, the for-profit venture of not-for-profit St. Louis-based Ascension Health, continues to make progress on the construction of its interesting and eventually massive “health city” in the […]
Industry Pulse: 40%
That’s the percentage of medical office buildings (MOBs) acquired by publicly listed REITs in 2012, based on total sales volume and preliminary data from Real Capital Analytics (RCA) Inc.
HEALTHCARE’S OTHER ‘RETAIL STRATEGY’
Much has been said recently about creating a “retail strategy.” But most of those discussions have been focused on the idea of putting healthcare services in retail locations. What about the much older strategy of putting retail services in healthcare facilities? That idea is still alive and well – and is perhaps more important than […]
Industry Pulse: December 2012
BLOOMINGTON, Minn. – It looks as if the massive Mall of America, sometimes referred to as the “megamall,” will not be getting the “mega” healthcare tenant that it was counting on to be the anchor of a new building in its long-planned Phase II expansion. Officials with Rochester, Minn.-based Mayo Clinic said in recent weeks […]
Industry Pulse: November 2012
SCOTTSDALE, Ariz. – Most health-care real estate (HRE) professionals probably wouldn’t be big fans of a company that sells online medical consultations. After all, more virtual doctor visits would presumably mean fewer in-person doctor visits, reducing demand for bricks and mortar medical office buildings (MOBs) and other healthcare facilities. So, when the CEO of MeMD […]
Industry Pulse: October 2012
Which commercial real estate (CRE) property types have the best prospects for 2013? Medical office buildings (MOBs) rank near the top, according to a newly released report from PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI). Unveiled Oct. 17 at the ULI Fall Meeting in Denver, the report, “Emerging Trends in Real Estate,” found that “The real estate recovery is set to advance in 2013 as modest gains in leasing, rents and pricing will extend across U.S. markets from coast to coast and improve prospects for all property sectors.” The study included interviews and survey responses from more than 900 real estate experts.
Industry Pulse: September 2012
NATIONWIDE – As the country awaits one of the most intriguing and perhaps important election seasons in recent memory – an importance driven, in large part, by healthcare – the healthcare industry continues to operate under a cloud of uncertainty. As a result, some entities and people involved in the business, including hospitals and health […]
Industry Pulse: August 2012
NEW ALBANY, Ohio – It looks as if a city in Ohio has successfully entered the medical office building (MOB) development arena. In New Albany, a city of about 7,300 people in the northeast suburbs of Columbus, city officials are moving forward with the development of a 48,000 square foot building that will contain mostly […]
Industry Pulse: July 2012
NEW YORK – In case you missed it, hyper-excitable and in-need-of-caffeine-free coffee host Jim Cramer of “Mad Money” recently had Debra Cafaro, the CEO of Ventas Inc. (NYSE: VTR), on his fast-paced CNBC show. Mr. Cramer almost seemed apologetic about never introducing Ventas to his audience in the past. The show aired just before the […]
Industry Pulse: June 2012
WASHINGTON, D.C. – The uncertainty concerning the Patient Protection and Affordable Care Act is over. As this edition was going to press, the U.S. Supreme Court ended months of speculation in voting 5-4 that the law is indeed constitutional and that individuals can be fined if they do not obtain health insurance. While the Court’s […]
Industry Pulse: May 2012
ATLANTA – Electronic medical record (EMR) systems were supposed to be the wave of the future. Now, it looks as if a lot of money might have been spent, and is still being spent, on a technology that could move in another direction. The topic came up in recent weeks during a panel session at […]
Industry Pulse: April 2012
SCOTTSDALE, Ariz. – Several sources in the healthcare real estate industry have told Healthcare Real Estate Insights™that a portfolio of nine medical office buildings (MOBs) offered for sale by Scottsdale Healthcare is under contract and likely to close soon, perhaps in coming weeks. A spokesperson for New York-based Savills LLC, which had listed and was […]
Industry Pulse: March 2012
SPRINGFIELD, Ill. – In quite a few states throughout the country, Certificate of Need (CON) laws continue to fuel debate. In one of those, Illinois, a state senator recently introduced a bill calling for the elimination of the nine-member Illinois Health Facilities and Services Review Board, which would effectively discontinue the CON law as well. […]
Industry Pulse: February 2012
MALVERN, Pa. – With concern and awareness for concussions on the rise, more of the injuries are being diagnosed than ever before. In fact, the Centers for Disease Control (CDC) in October issued a report indicating that the number of concussions and traumatic brain injuries (TBI) among athletes under the age of 19 increased by […]
Industry Pulse: January 2012
NEWPORT BEACH, Calif. – Don’t expect much to change – besides the name – now that the transition to a new co-sponsorship is complete at Griffin-American Healthcare REIT II, formerly known as Grubb & Ellis Healthcare REIT II. That’s because the executive leadership at the unlisted healthcare real estate investment trust (REIT) says that Griffin-American […]
